Bertelsmann commits to UK after Brexit; Maersk appoint new CEO, may break up company; and Brexit scuppers Tata Steel's efforts to maintain operations in the UK

Bertelsmann commits to UK after Brexit

German media group Bertelsmann says it will remain committed to all its investments in the UK and acknowledges “with regret” the British electorate’s decision to leave the European Union, according to a company statement.

The Gütersloh-headquartered firm, controlled by the Mohn family, said Britain’s exit from the EU raises political and economic uncertainties for the firm, but added that its fourth-largest market would remain very important.

German media group Bertelsmann and the family behind Vogue publisher Condé Nast are to invest in innovative media and technology companies, as they look to diversify away from their traditional markets.

German media group Bertelsmann and the family behind Vogue publisher Condé Nast are to invest in innovative media and technology companies, as they look to diversify away from their traditional markets.

According to a company statement, German media conglomerate Bertelsmann, controlled by the Mohn family, will spend up to €1.3 billion ($1.45 billion) a year until 2020 on acquisitions aimed at accelerating its shift to digital video and online education.

The long-running sales saga at German retailer Douglas finally appears to be coming to an end, with Advent International teaming with the Kreke family to buy out shareholders. Meanwhile two other family-controlled businesses are weighing up their shareholdings in subsidiaries.

The long-running sales saga at German retailer Douglas finally appears to be coming to an end, with Advent International teaming with the Kreke family to buy out shareholders. Meanwhile two other family-controlled businesses are weighing up their shareholdings in subsidiaries.

American buyout firm Advent offered €1.5 billion to buy Douglas Holding after almost a year of talks and months of speculation. The bid was worth about €38 a share.

It’s been an upbeat week for family businesses Lego and Hermes as strong consumer demand for their popular products boosted half-yearly sales and earnings.

It’s been an upbeat week for family businesses Lego and Hermes as strong consumer demand for their popular products boosted half-yearly sales and earnings. Meanwhile, media company Bertelsmann had mixed results for the same period, with healthy net profits but lower operating earnings.

They may be based in different continents, but three family businesses – Crane Group, Bharti and Bertelsmann – have hit the headlines for either selling off part of their firms or for looking to acquire other companies.

They may be based in different continents, but three family businesses – Crane Group, Bharti and Bertelsmann – have hit the headlines for either selling off part of their firms or for looking to acquire other companies.

A change in Bertelsmann’s legal structure will give the family business “maximum flexibility” to bring in outside investors, while allowing the Mohn family to retain control of the German media conglomerate, a company spokeswoman told CampdenFB.

A change in Bertelsmann’s legal structure will give the family business “maximum flexibility” to bring in outside investors, while allowing the Mohn family to retain control of the German media conglomerate, a company spokeswoman told CampdenFB.